GEORGIA

GEORGIAN STRUCTURE

Choose the type of company you are changing board member in

Pursuant to the Law of Georgia on Entrepreneurs (in Georgian: „საქართველოსკანონიმეწარმეთაშესახებ“) a Limited Liability Company (in Georgian: ”შეზღუდულიპასუხისმგებლობისსაზოგადოება“) may have one of the following organizational structures:

One or more Managing Directors (in Georgian: “დირექტორი”)/Board of Directors (in Georgian: “დირექტორთასაბჭო“) and a Supervisory Board (in Georgian: “სამეთვალყურეოსაბჭო“).

One or more Managing Directors/ Board of Directors only.

Please see, respectively, “Managing Directors/Board of Director” and “Supervisory Board” below for a more in-depth description of each structure, including how to change the respective board members.

For a description of how to change the respective board members, please see the individual steps below. As all information on how to change board members in
Georgia on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents
or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice
before actually changing any board members in Georgia.

Pursuant to the Law of Georgia on Entrepreneurs a Joint Stock Company (in Georgian: „სააქციო საზოგადოება“) may have one of the following organizational structures:

One or more Managing Directors/Board of Directors and a Supervisory Board.

One or more Managing Director/Board of Directors only.

Please see, respectively, “Managing Directors/Board of Director” and “Supervisory Board” below for a more in-depth description of each structure, including how to change the respective board members.

For a description of how to change the respective board members, please see the individual steps below. As all information on how to change board members in
Georgia on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents
or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice
before actually changing any board members in Georgia.

Which board type are you looking for?

What would you like to do?

This content is provided by:

CONTACT DETAILS:

BGI Legal has provided all input about changing board members in Georgia.

BGI Legal is one of the largest full-service law firms in Georgia with the extensive legal expertise in all aspects of contentious and non-contentious practice. BGI Legal offers an unparalleled diversity and breadth in its ability to guide clients in the increasingly sophisticated environment of Georgia`s fast-paced economic and legal development.

For more information about BGI Legal and changing board members in Georgia, please contact our Partner directly.